The Transactions of The Korean Institute of Electrical Engineers (전기학회논문지)

The Korean Institute of Electrical Engineers (대한전기학회)
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A Study on the Mitigation of Market Power using Contingent Transmission Rights in Competitive Electricity Markets

경쟁적 전력시장에서 송전권을 이용한 지역적 시장지배력 완화방안

  • 박중성 (홍익대 전기정보제어공학과) ;
  • 정구형 (홍익대학 전기정보제어공학과) ;
  • 김발호 (홍익대학 전기정보제어공학과)
  • Published : 2007.02.01
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Abstract

Transmission congestion is one of the key factors to local market power in competitive electricity markets. Financial transmission rights provide the financial protection to their holders by paying back the congestion rent. A variety researches have shown that the existing trading mechanisms on transmission right can exacerbate market power. This paper proposes an alternative methodology in mitigating the local market power using the Contingent Transmission Rights on the locational marginal pricing scheme. The proposed methodology was demonstrated with the Optimal Power Flow.

Keywords

References

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